Ledger. Australian venture funding, tracked

Venture capital fund

Tanarra Capital

Coverage

Stories naming Tanarra Capital. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.

Funding announcement

E-commerce legends praise Click Frenzy founder after business liquidation

Grant Arnott's Click Frenzy and Power Retail have entered liquidation and receivership, drawing warm public messages from e-commerce peers; Tanarra Capital, which invested in 2016, no longer holds a stake.

Also Startup Daily

2 deals

Mirugen Secures A$4.5m to Pioneer Cell (Re)programming, and Welcomes Charlotte Casebourne Stock as Executive Chair

Mirugen, a Melbourne biotech spun out of an eye research institute, has closed a A$4.5m seed round with three backers and hired Charlotte Casebourne Stock as chair and acting chief executive.

Also cera.org.au·Brandon BioCatalyst portfolio·insightnews.com.au

Fund close ~$49m

Tennis Australia's VC fund aces first close with nearly $50 million from blue chip investors

Tennis Australia's venture arm AO Ventures has reached a first close on its new sports, media and health tech fund with about $49 million committed by local and international backers.

Key hire

The march of passive investors and high price of money: Why activists are having their way

Analysis of rising shareholder activism: Lendlease's chairman departs under Tanarra pressure, activists push Karoon over dividends, Tanarra surfaces on Bapcor's register, and L1 Capital runs an activist fund.

2 deals

University of Melbourne mental health startup using psychedelics kicks off with $4.5 million

Melbourne university funds backed a psychedelic medicines startup; six campus startups were showcased, and Tanarra Capital reported $100 million committed toward its alumni founders fund target.

Fund close $100m

Manufacturing news briefs – stories you might have missed

News roundup covering Bega's sale of its Vitasoy stake, a university venture fund's first close, an Australia-Netherlands hydrogen agreement, a research body's budget push, and a new Tasmanian space antenna.

Fund close $100m

Melbourne Uni's new VC fund, Tin Alley Ventures, sets $200 million target after reaching $100m

University of Melbourne's Tin Alley Ventures fund has raised $100 million toward a $200 million target, backed by the university, Breakthrough Victoria and local business figures, with a second close targeted for mid-2023.

Also @AuManufacturing

3 deals

Melbourne Uni launches two investment funds, worth $115 million, to back research commercialisation startups

University of Melbourne launches a $15m pre-seed fund with Breakthrough Victoria and a $100m fund run by Tanarra Capital for research commercialisation; the piece also recalls ANU's Instaclustr sale to NetApp.

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